Dubbed Africa’s Wall Street, Sandton city centre, a popular suburb located in Johannesburg, is regarded as Africa’s business hub.
With nearly half of the office development currently taking place in South Africa happening in Sandton, Africa’s richest square mile offers a solid investment opportunity for discerning buyers.
Not only are many corporate headquarters located in Sandton (an estimated 10 000 business and head offices are said to be found here), but the suburb is also a retail and tourism hotspot boasting Sandton City, Sandton Convention Centre, top-class restaurants, high-end office space, and the busiest Gautrain railway station offering a direct connection to OR Tambo International Airport.
As the CBD continues to expand, the surrounds become increasingly valuable. With that in mind, wise investors will look ahead, investing now in the up and coming fringe areas.
Despite the country’s relatively poor economic growth and political uncertainty, commercial property remains a solid investment, generally offering inflation-beating returns.
Older buildings are often a more affordable choice, although it is critical that investors know that such purchases typically involve a large capital outlay for repairs, renovations and upgrades.
A long-term view is essential. The longer you are invested, the better your return is likely to be, however, this means your investment is not liquid in the short or medium term.
Despite the fact that the popularity of the suburb with its ‘live-work-play’ appeal has resulted in a considerable rise in property prices, property in Sandton and surrounds remains a solid investment.
